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2249 Bluegrass St, Marion, IA 52302

3 beds • 3 baths • 2197 sqft

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This property looks like a bad Airbnb investment with a projected -2.7% first-year return on $97,653 initial cash invested.

-2.7%

Cash On Cash

6.06%

Cap Rate

0.98

DSCR

$4,536

Rent

-$220

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,536 income − $4,756 expenses = $220 out of pocket

Income$4,536Out of Pocket$220Mortgage P&I$1,95543%Property Taxes$49011%Insurance$1353%Management$68015%CapEx$1814%Maintenance$1814%Other$1,13425%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,653

Downpayment

20%

$75,860

Closing costs

1%

$3,793

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,536

Total Expenses

$4,756

Mortgage P&I

43%

$1,955

Property Taxes

11%

$490

Home Insurance

3%

$135

HOA

0%

$0

Property Management

15%

$680

CapEx

4%

$181

Vacancy

0%

$0

Maintenance

4%

$181

Other

25%

$1,134

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